The Interest rates for Deposits is again lowered by 0.1% from 1st July 17

ஜூலை முதல் வட்டி விகிதம் மீண்டும் 0.1% குறைப்பு

Saturday, 31 December 2016

Clarification on withdrawal and acceptance of notice of Voluntary Retirement

No.24012/04/2016-AIS (II)
Government of India,
Ministry of Personnel, Public Grievances and Pension
(Department of Personnel & Training)
AIS II(Pension)

North Block, New Delhi
Dated: 27/12/2016

To
All Chief Secretaries of States/UTs

Subject : Amendment of All India Service (Death Cum Retirement Benefits) Rules, 1958 in terms of the provisions in CCS(Pension) Rules, 1972.

Sir,
I am directed to state that this Department is proposing to insert provision for withdrawal and acceptance of notice of Voluntary Retirement in the All India Service (Death Cum Retirement Benefits) Rules, 1958 under Rules 16(2) as 16(2-B) and 16(2-C), as provided in the relevant rules of CCS(Pension) Rules, 1972 i.e. under Rule 48 & 48-A as under:

16(2-B) A notice of voluntary retirement given by a member of the service under subrule 2 and 2-A above, may be withdrawn by him, provided the request for such withdrawal shall be received within the intended date of his retirement by the Competent Authority.

16(2-C) Where a notice of voluntary retirement is given by a member of the service under sub-rule 2 above and the appointing authority does not refuse to grant the permission for retirement before the expiry of the period specified in the said notice, the retirement shall become effective from the date of expiry of the said period.

Provided that in cases, where no order is issued by the State Government, then after the expiry of the notice period, the Central Government may issue orders to give effect to this sub-rule.

2. All the State Governments/UTs are requested to convey their comments on the proposed amendments as required under Clause 3 of the AIS Act, 1951 latest 07/01/2017 positively. If no comments are received by the stipulated date, it would be assumed that the concerned States/UTs are in agreement with the proposed amendments.

Yours faithfully,
(Rajesh Kumar Yadav)
Under Secretary to Govt. of India

நவம்பர் வரை DA 4 % (உயர்வு 2 % மட்டுமே)

AICPIN For the Month of November 2016

Consumer Price Index for Industrial Workers - October 2016

The All-India CPI-IW for October. 2016 increased by 1 point and stood at 278 (two hundred and seventy eight). On 1-month percentage change, it increased by  (+) 0.36 per cent between September and October, 2016 when compared with the  increase of (+) 1.13 per cent between the same two months a year ago.

Click to read Press Release

No. 5/1/2016- CPI
GOVERNMENT OF INDIA
MINISTRY OF LABOUR & EMPLOYMENT
LABOUR BUREAU

`CLEREMONT, SHIMLA-171004
DATED: 30th December, 2016
Press Release

Consumer Price Index for Industrial Workers (CPI-IW) — November, 2016

The All-India CPI-IW for November, 2016 decreased by 1 point and stood at 277 (two hundred and seventy seven). On 1-month percentage change, it decreased by (-) 0.36 per cent between October and November, 2016 when compared with the increase of (+) 0.37 per cent between the same two months a year ago.

The maximum downward pressure to the change in current index came from Food group contributing (-) 1.33 percentage points to the total change. At item level, Rice, Arhar Dal, Moong Dal, Urd Dal, Groundnut Oil, Chillies Green, Banana, Brinjal, Cabbage, Cauliflower, French Beans, Gourd, Green Coriander Leaves, Lady’s Finger, Methi, Palak, Potato, Radish, Tomato, etc. are responsible for the decrease in index. However, this decrease was checked by Wheat, Wheat Atta, Gram Dal, Goat Meat, Tea (Readymade), Cooking Gas, Electricity Charges, Petrol, Toilet Soap, etc., putting upward pressure on the index.
The year-on-year inflation measured by monthly CPI-IW stood at 2.59 per cent for November, 2016 as compared to 3.35 per cent for the previous month and 6.72 per cent during the corresponding month of the previous year. Similarly, the Food inflation stood at 1.66 per cent against 2.99 per cent of the previous month and 7.86 per cent during the corresponding month of the previous year.



At centre level, Salem reported the maximum decrease of 10 points followed by Bokaro (9 points), Raniganj and Kolkata (6 points each) and Ahmedabad (5 points). Among others, 4 points decrease was observed in 2 centres, 3 points in 8 centres, 2 points in 8 centres and 1 point in 15 centres. On the contrary, Jaipur recorded a maximum increase of 6 points followed by Rourkela and Srinagar (3 points each). Among others, 2 points increase was observed in 5 centres and 1 point in 7 centres. Rest of the 25 centres’ indices remained stationary.



The indices of 35 centres are above All-India Index and other 40 centres’ indices are below national average. The index of Jabalpur, Vishakhapathnam and Ludhiana centres remained at par with All-India Index.



The next issue of CPI-IW for the month of December, 2016 will be released on Tuesday, 31st January, 2017. The same will also be available on the office website www.labourbureaunew.gov.in.



(SHYAM SINGH NEGI)

DEPUTY DIRECTOR GENERAL

Wish You Happy New Year 2017

Friday, 30 December 2016

மார்ச் 31 -2017 வரை வட்டி விகிதத்தில் மாற்றம் இல்லை

Interest Rates for Small Savings Schemes for 01.01.2017 to 31.03.2017 - SB Order 15 - 2016

 

 

Posting of Director General, Postal services

Promotion and Posting in the grade of Director General, Postal services

Sri T.Murthy, Member(O), Postal services Board is promoted as Director General, Dept of Posts in place of Sri A.K.Tiwari retiring on 31.12.2016.

Click here to the Directorate order in original.

AIC Logo Design Contest.

Hi Friends, 

             Our 22nd AIC of NAPE Gr C to be held from 5 th Feb to 7 th Feb 2017 at Trivandrum, in connection with this a logo contest is being arranged by the NAPE Kerala Circle Union. All are requested to sent your design to fnpokerala@gmail.com by 6/01/2017. The designer of the best logo will be honoured in the AIC.


The Products and Services of IPPB or India Post Payment Bank

IPPB is a public limited company under the Department of Posts with an independent Board of Directors. It will be headed by a Managing Director and CEO, and will set up a corporate head quarter and up to 650 branches to manage its functions on a day to day basis. 

IPPB will leverage the physical and IT infrastructure of the Post office and be set up on a lean operating model. It will focus on low-cost, low-risk, technology based solutions to extend access to formal banking.

Products and Services of IPPB


1. IPPB Payment Services

IPPB will provide the benefits of payments and remittances to the customers, by adopting newer, efficient processes and technologies such as mobile based payments, digital wallets and innovative payment and remittance products that are continuously emerging in the market today.
Combined with doorstep cash payment options like traditional money orders, IPPB will differentiate itself from the other players while comparing well with all other benefits offered by competitors.
IPPB will drive the benefits of financial inclusion by bringing a host of financial products to suit the needs of different strata of society with special focus on the marginalized sections and citizens in rural areas. In so doing it will also provide the following proposed services: 

  • Direct Benefits transfer (DBT) of social security payments of various Ministries. 
  • Utility bill payments for electricity, water, telephone, gas etc.
  • Facilitate payments of various Central and State Govt& Municipal dues, taxes and fees/taxes of various Universities/ educational institution.
  • Person to person remittances both domestic and cross-border. Special focus will be on providing, economical, safe and convenient money transfer facilities to migrant labourers, NRIs remitting money to relatives, institutions etc.
  • Demand Deposits (Current account and Savings Account)- with special focus on MSMEs, small entrepreneurs, village panchayats & SHGs.
  • Distribution of third party financial products such as Insurance (health & general), mutual funds and pension products.
  • Access to formal credit products by acting as BCs of banks & MFIs.
Product innovation will be a continuous exercise to expand the bouquet of services adapting to the evolving needs of its customers and the rapid advancements in communication and payments technologies.

2. IPPB Banking Services

Apart from savings account with up to INR 1,00,000 in deposit, the products offered by IPPB are different from POSB products. POSB savings accounts do not have any limit unlike payments bank savings account. On the other hand, payments banks, can offer current accounts for use by businesses and institutions whereas POSB does not offer these accounts. Other kinds of deposits under POSB are unique to it and will not be on offer by the payments bank. The purpose of the savings accounts and current accounts of IPPB is to facilitate flow of money and payments of different kinds from Government to Citizen, Citizen to Government, Citizen to Citizen, Citizen to Businesses and Businesses to Citizens whereas the POSB accounts are mainly savings instruments.

Apart from the existing customers of the DoP, IPPB will focus on the underbanked and unbanked population in different parts of the country. It will also try to target services for MSMEs, senior citizens, students, migrant population, low income households, unorganized sector and other groups with special service requirements. In addition to its own products, the payments bank will partner with third parties to offer a wide range of financial and banking services to cater to the needs of its target segments.

The customers will have the choice of the amount they want to leave in their IPPB account at any point of time and they will earn interest on their money in these accounts also. They would be able to channel money from their IPPB accounts to any of the POSB schemes. For example, an IPPB customer will be able to use money in his account to open and service a RD/ TD/ SSY or any other POSB account. Thus, both IPPB and POSB can synergistically serve the customers.

Law Ministry rejects Finance move to link small savings to Aadhaar

Ahead of launching the demonetisation drive, the Finance Ministry had sought Law Ministry’s opinion whether Aadhaar submission could be made compulsory for small savings scheme.

The Law Ministry has turned down Finance Ministry’s proposal that a person investing in small savings schemes — these attract gross deposits of over Rs 2 lakh crore each year — be made to link the accounts to his or her Aadhaar number.

Ahead of launching the demonetisation drive, the Finance Ministry had sought Law Ministry’s opinion whether Aadhaar submission could be made compulsory for small savings schemes like Kisan Vikas Patra, Public Provident Fund, National Savings Certificate, Senior Citizen Saving Scheme and Sukanya Samriddhi Yojana.

The rationale put forth by Finance Ministry’s Department of Economic Affairs (DEA) was that individuals evade scrutiny by parking cash below Rs 50,000 into multiple small savings accounts because such deposits (below Rs 50,000) do not seek permanent account number (PAN) details.

The Law Ministry turned down DEA’s proposal on October 4 saying such schemes cannot be notified as “service within the meaning of Section 7 of the Aadhaar Act” since small savings are serviced under the Public Account Fund of India and not the Consolidated Fund to which the Aadhaar Act applies.

Section 7 of the Act states that the government can ask an individual to furnish his Aadhaar number to establish his identity “as a condition for receipt of a subsidy, benefit or service for which the expenditure is incurred from, or the receipt therefrom forms part of, the Consolidated Fund of India”.

Not satisfied with the legal opinion, the DEA once again approached Law Ministry to reconsider the October 4 advice, saying that the fresh reasoning for bringing small savings under the Aadhaar ambit was that the “expenditure incurred to campaign for small savings scheme was derived from the Consolidated Fund”.

On December 14, Law Ministry reiterated its earlier opinion and directed that all transactions relating to these schemes should be accounted from the Public Account Fund as per the National Small Savings Fund (Custody & Investment) Rules.

Quoting a 2001 order of a Constitution Bench of the Supreme Court, the Law Ministry said “when a statute vests certain power in an authority to be exercised in a particular manner, the said authority has to exercise it only in the manner provided in the statute itself”.

In fiscal 2014-15, deposits in small savings schemes were Rs 289,080 crore while withdrawals were Rs 248,667 crore.

Source: Indian express.

FNPO forwarded the letter to The CPMG, Tamilnadu

Our Federation forwarded the letter received from NUPE IV to The CPMG, Tamilnadu Circle for necessary action.

Monday, 26 December 2016

TA Caim to the Family of Deceased Govt.Servant: Time Limit extended

Travelling Allowance claim to the Family of Deceased Govt. Servant: Time Limit of 1 year can be extended

No.19016/1/2015-E.IV
Government of India
Ministry of Finance
Department of Expenditure

North Block, New Delhi
Dated the 21st December, 2016
Office Memorandum

various references are being received in this Department seeking clarification from this Department as to whether Rule below SR-148 for admitting Travelling Allowance (TA) claim by family of deceased employees beyond one year period of the death of the employee is also covered under GoI decision 2(iii) below Rule SR-147 which provides that ‘TA to Central Government servant on retirement may be availed of by a Government servant who is eligible for it, at any time during his leave preparatory to retirement, or within one year of the date of his retirement and powers to extend the time-limit of one year will be exercised by the Administrative Ministries/ Departments with the approval of the FA concerned, in individual cases attendant with special circumstances.’
2. The matter has been considered in this Department and it has been decided that the above provision below SR-147 for extension of time limit of one year with the approval of FA of the concerned Ministry, will also be applicable in case of family of the deceased Govt. servant.
3. This is issued with the approval of Joint Secretary (Personnel).

(Nirmala Dev)
Deputy Secretary (EG)
Source: Finmin.nic.in Download PDF   Download the Order in Hindi

வாழ்த்துக்கள்.

தபால்காரரிலிருந்து  எழுத்தராக LGO தேர்வு முடிவில் இரண்டாவது பட்டியலில்  நமது தேசிய சங்க கோட்ட பொருளாளர்  திருமதி L .வனஜா, Postwoman,வண்ணாரப்பேட்டை அவர்கள் தேர்வு பெற்று தேனி  கோட்டம் ஒதுக்கப்பட்டுள்ளது . அன்னாருக்கு எமது நெஞ்சார்ந்த வாழ்த்துக்கள். 
மற்ற பட்டியல் இதோ : 


Skilled Artisans Posts called for MMS, Chennai

Filling up of vacant post of Skilled Artisans for the year 2015 in MMS, Chennai-600 006 under Direct Recruitment.

Central staff may get to choose NPS fund manager, decide allocation

Central staff may get to choose NPS fund manager, decide allocation

Decks have been cleared for nearly 2.8 million Central government employees who are subscribers of the National Pension System (NPS) to choose their pension fund managers (PFM) and also decide on their investment allocation.
The Department of Personnel & Training (DoPT) in the Ministry of Personnel, Public Grievances and Pensions has given its nod for providing flexibility to Central government employees who are subscribers of the NPS, a top PFRDA official said.
As of end November 2016, the total assets under management of NPS contributions of Central government employees stood at ₹63,000 crore.
“We are in the last mile. This is penultimate stage. It is now a matter of time for the final nod with the Department of Pension and Pensioners Welfare (DPPW) also positively inclined,” RV Verma, Member, Pension Fund Regulatory & Development Authority (PFRDA), told BusinessLine.
For this reform to go through, both the DoPT and the DPPW have to give their approval. If the approval comes through, then a Central government employee can opt for a private sector fund manager and also increase his equity allocation beyond the current 15 per cent cap.
Verma said the Seventh Central Pay Commission, too, had made a case for widening the choice for central government employees.
Chief Economic Advisor Arvind Subramanian is also understood to have supported this initiative, stating that allowing choice on selection of fund manager and investment allocation was “long overdue”.
Verma also said that all the Central government employees can opt for a “default option” — continue with the current system of fund manager and investment allocation. Also, the current thinking in PFRDA is to allow only the incremental contributions to be subjected to the new reform.
“This new regime is likely to be applicable only to new incremental contributions and will not cover the existing corpus. This would also mean we are limiting the risk for them. We don’t want major dislocation or redemption risks on current portfolio. We are looking at smooth transition for incremental flow,” he said.
Currently, Central government employees’ have no say on the matter of choice of fund manager or investment allocation, as both are decided by the government.
All the NPS contributions of Central government employees are being distributed evenly across three public sector fund managers — LIC Pension Fund, SBI Pension Fund and UTI.
Verma also said that PFRDA has already started expanding this platform by training, educating, spreading financial literacy to all segments of NPS subscribers.
“We have also activated the NPS trust and pension fund managers to provide as much information to public as possible so that once we open up the choice there will be enough information and data for people to see in the public domain to make informed choice,” he said.
Source: www.thehindubusinessline.com/.../central-staff-may-get-to-choose-nps-fund-manager-d...

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